Fuel Optimization
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Let’s get back to fuel tax, here is a quick example of how to calculate your real fuel price after tax.
Today’s average pump price in Missouri is $2.40 a gallon and we are also going to be in Oklahoma today. We see that Oklahoma’s fuel price is $2.39 a gallon and every penny counts so we better fuel in Oklahoma, right? Wrong remember to look at your sheet and subtract the fuel tax before comparing prices. Missouri has a 17 cent per gallon tax and Oklahoma has a 13 cent per gallon tax so after tax the fuel in Missouri is 2.23 a gallon and in Oklahoma it’s 2.26 a gallon. So what looks like it’s a penny cheaper is actually three cents more per gallon. Understanding this concept will save you thousands of dollars in fuel cost and usually result in fuel tax refunds every quarter.
I know what your thinking this sounds like a lot of work is it really worth it, or is there an easier way?
yes there is an easier and more accurate system than using the fuel tax rate sheet. What you really need to save the most money possible is what’s called Fuel optimization software. The way it works is that you put in your starting and ending points for your trip and the software routes your trip and then checks up to the minute fuel prices at every fuel stop along your route, then calculates the actual fuel price after fuel tax in that state and tells you exactly where to buy your fuel on each trip. You can have this system now for only $25/month for a free trial call my office at 888-262-8585 and we’ll get you started.
